The founder of Panera Bread is giving his alma mater in Worcester, Massachusetts a lot of dough. Clark University on Tuesday announced that trustee Ron Shaich is donating $20 million, the largest single gift in the school's history.

Clark president David Fithian said the big donation will fund a "transformation plan" that was announced in June.

"With this gift, Mr. Shaich is supporting what he recognizes to be difficult yet absolutely necessary changes to propel Clark into a new chapter of sustained vibrancy and excellence," Fithian said in a statement.

"Rather than spend my money and philanthropy broadly, Clark is one of the very few things I am investing in and it is because I believe it has the ability to have a profound impact on the world," Shaich told The Boston Business Journ

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